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Morgan Stanley cuts Apple estimates and predicts an iPhone 7 sales slump for 2017
- Morgan Stanley believes that Apple will face "weaker iphone 7 demand" in the coming months, in a note recently distributed to clients.Morgan Stanley analyst Katy Hubert and the team's internal models now show "weaker iPhone shipments as buyers start anticipating new iPhones," they wrote in the note."We lower iPhone revenue estimates in fiscal 2017 by 3% to reflect weak demand ahead of the supercycle," Huberty writes.
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Morgan Stanley decreases FY 2017 Apple iPhone expectations, raises on FY 2018 iPhone revenue - Apple Inc. (NASDAQ:AAPL)
- Analyst Katy Huberty lowers FY 2017 iphone revenue estimates by 3% factoring weaker demand for the back half of current cycle as purchasers anticipate new devices ahead of forthcoming "supercycle."Decreases shipments by 7%, increases ASPs by 4% given stronger iphone 7 Plus demand.For December and March quarters, models 75M (from 79M) and 51M (from 55M) iPhones, respectively.
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Morgan Stanley cuts Apple estimates, predicts iPhone 7 sales slump in 2017
- Morgan Stanley believes that Apple will face "weaker iphone 7 demand" in the coming months, analysts wrote in a note recently distributed to clients.Morgan Stanley analyst Katy Hubert and the team's internal models now show "weaker iPhone shipments as buyers start anticipating new iPhones," they wrote in the note."We lower iPhone revenue estimates in fiscal 2017 by 3% to reflect weak demand ahead of the supercycle," Huberty writes.
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